Tandy Leather Factory, Inc. (TLF) Position Maintained by Bandera Partners LLC
Bandera Partners LLC continued to hold its position in Tandy Leather Factory, Inc. (NASDAQ:TLF) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,857,936 shares of the textile maker’s stock at the close of the 2nd quarter. Tandy Leather Factory accounts for 23.1% of Bandera Partners LLC’s investment portfolio, making the stock its 2nd largest holding. Bandera Partners LLC owned about 30.81% of Tandy Leather Factory worth $25,436,000 at the end of the most recent quarter.
Separately, LSV Asset Management boosted its holdings in shares of Tandy Leather Factory by 19.6% during the second quarter. LSV Asset Management now owns 26,200 shares of the textile maker’s stock worth $233,000 after purchasing an additional 4,300 shares during the period. Institutional investors own 52.05% of the company’s stock.
In other news, Director James C. Pappas purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average cost of $8.30 per share, for a total transaction of $41,500.00. Following the acquisition, the director now owns 1,801 shares of the company’s stock, valued at approximately $14,948.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased a total of 7,285 shares of company stock worth $60,466 over the last quarter. 37.19% of the stock is currently owned by insiders.
Separately, ValuEngine lowered shares of Tandy Leather Factory from a “buy” rating to a “hold” rating in a report on Friday, August 4th.
Tandy Leather Factory, Inc. (NASDAQ TLF) traded up 1.24% during mid-day trading on Friday, hitting $8.15. 1,021 shares of the stock were exchanged. The company’s 50-day moving average price is $8.33 and its 200 day moving average price is $8.37. The firm has a market capitalization of $75.55 million, a price-to-earnings ratio of 14.10 and a beta of 1.01. Tandy Leather Factory, Inc. has a 52 week low of $6.85 and a 52 week high of $9.05.
Tandy Leather Factory (NASDAQ:TLF) last issued its quarterly earnings results on Wednesday, August 2nd. The textile maker reported $0.11 EPS for the quarter. The company had revenue of $19.28 million for the quarter. Tandy Leather Factory had a net margin of 6.47% and a return on equity of 9.76%. Equities research analysts expect that Tandy Leather Factory, Inc. will post $0.81 EPS for the current year.
Tandy Leather Factory Profile
Tandy Leather Factory, Inc is a retailer and a wholesale distributor of a range of leather and related products. The Company’s products include leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company also manufactures leather lacing and some of its do-it-yourself kits.
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